Stokes & Hubbell Capital Management LLC boosted its stake in shares of J P Morgan Chase & Co (NYSE:JPM) by 72.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 19,608 shares of the financial services provider’s stock after buying an additional 8,225 shares during the quarter. Stokes & Hubbell Capital Management LLC’s holdings in J P Morgan Chase & Co were worth $1,873,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently modified their holdings of the company. Private Vista LLC acquired a new stake in shares of J P Morgan Chase & Co in the second quarter valued at approximately $102,000. Atlantic Trust LLC acquired a new stake in shares of J P Morgan Chase & Co in the second quarter valued at approximately $136,000. Northwest Investment Counselors LLC acquired a new stake in shares of J P Morgan Chase & Co in the second quarter valued at approximately $165,000. Capital Advisors Ltd. LLC grew its position in shares of J P Morgan Chase & Co by 53.0% in the second quarter. Capital Advisors Ltd. LLC now owns 1,935 shares of the financial services provider’s stock valued at $177,000 after purchasing an additional 670 shares during the last quarter. Finally, Tortoise Investment Management LLC grew its position in shares of J P Morgan Chase & Co by 59.5% in the second quarter. Tortoise Investment Management LLC now owns 1,959 shares of the financial services provider’s stock valued at $179,000 after purchasing an additional 731 shares during the last quarter. Institutional investors own 73.93% of the company’s stock.

In other J P Morgan Chase & Co news, General Counsel Stacey Friedman sold 2,099 shares of the stock in a transaction that occurred on Thursday, October 26th. The shares were sold at an average price of $101.96, for a total transaction of $214,014.04. Following the transaction, the general counsel now owns 15,279 shares of the company’s stock, valued at $1,557,846.84. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 0.88% of the company’s stock.

J P Morgan Chase & Co (NYSE:JPM) opened at $106.96 on Tuesday. The company has a debt-to-equity ratio of 1.37, a quick ratio of 1.03 and a current ratio of 1.03. The firm has a market cap of $368,276.72, a P/E ratio of 15.29, a price-to-earnings-growth ratio of 2.30 and a beta of 1.22. J P Morgan Chase & Co has a one year low of $81.64 and a one year high of $108.40.

J P Morgan Chase & Co (NYSE:JPM) last posted its quarterly earnings results on Thursday, October 12th. The financial services provider reported $1.76 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.67 by $0.09. The company had revenue of $25.33 billion for the quarter, compared to the consensus estimate of $24.91 billion. J P Morgan Chase & Co had a net margin of 24.08% and a return on equity of 11.68%. J P Morgan Chase & Co’s revenue was up 2.6% on a year-over-year basis. During the same quarter last year, the firm posted $1.58 earnings per share. equities analysts expect that J P Morgan Chase & Co will post 6.91 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 31st. Shareholders of record on Friday, January 5th will be paid a dividend of $0.56 per share. This represents a $2.24 dividend on an annualized basis and a yield of 2.09%. The ex-dividend date of this dividend is Thursday, January 4th. J P Morgan Chase & Co’s dividend payout ratio is currently 32.28%.

Several analysts have recently commented on the stock. Keefe, Bruyette & Woods reiterated a “hold” rating on shares of J P Morgan Chase & Co in a research report on Wednesday, October 11th. Deutsche Bank lowered shares of J P Morgan Chase & Co from a “buy” rating to a “hold” rating and increased their price target for the company from $90.00 to $96.00 in a research report on Tuesday, September 26th. Robert W. Baird restated a “hold” rating and set a $88.00 target price on shares of J P Morgan Chase & Co in a research report on Thursday, September 21st. Zacks Investment Research lowered shares of J P Morgan Chase & Co from a “buy” rating to a “hold” rating in a research report on Tuesday, August 29th. Finally, Vetr upgraded shares of J P Morgan Chase & Co from a “hold” rating to a “buy” rating and set a $93.14 target price on the stock in a research report on Wednesday, September 6th. Three analysts have rated the stock with a sell rating, fifteen have issued a hold rating and sixteen have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $92.18.

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J P Morgan Chase & Co Company Profile

JPMorgan Chase & Co is a financial holding company. The Company is engaged in investment banking, financial services. It operates in four segments, as well as a Corporate segment. Its segments are Consumer & Community Banking, Corporate & Investment Bank, Commercial Banking and Asset Management. The Consumer & Community Banking segment offers services to consumers and businesses through bank branches, automatic teller machines (ATMs), online, mobile and telephone banking.

Institutional Ownership by Quarter for J P Morgan Chase & Co (NYSE:JPM)

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